Month: March 2005

National Steel and Shipbuilding Company (NASSCO), a wholly owned subsidiary of General Dynamics, has delivered the Alaskan Explorer, the second of four Alaska-class double-hull oil tankers being built for BP Oil Shipping…

For the first time, India?s defense budget will allow the Navy to allocate funds specifically to upgrade state-owned shipyards so that shipbuilding output can keep pace with service requirements. A senior Navy…

Keppel Shipyard, a wholly owned subsidiary of Keppel Corporation Ltd, has secured a FPSO hull conversion contract worth $51million from Marathon Petroleum Company (Norway.The 87,000 dwt multi-purpose shuttle tanker Odin arrived at…

Danish owner Stevn, part of the Nordane Group, has ordered two Z-drive multifunction ice class tugs from Irving Shipbuilding's East Isle Shipyards, Prince Edward Island, Canada. The order is worth $15.7 million…

China Merchant Group (CMG) has started the construction of a huge repair facility at Mahoudao, Shenzhen. The 63 hectare repair facility will be completed by 2006 at a cost of $278 million…

As part of its expansion programme, United Arab Shipping Co. (UASC) has signed a contract with Hyundai for eight 6,500TEU container ships in a deal worth about $840 million. The first newbuilding…

The European Commission (EC) has approved, under the EC Treaty?s rules on state aid, French and Spanish schemes to provide innovation aid to shipbuilding worth respectively ?25 million per annum for six…

Unconfirmed reports claim that Bollinger Shipyards has a letter of intent to build four 30,000 dwt products tankers for the Houston-based Seacor Marine. If the deal goes ahead, Bollinger would presumably build…

State-owned China Shipping?s dedicated oil transport arm is close to announcing a $290 million deal for four Suezmax crude tankers from Bohai Shipbuilding Heavy Industry according to a source at shipbroker Simpson…

Seabulk International and SEACOR Holdings announced they have signed a definitive merger agreement. The Boards of Directors of both companies have unanimously approved the transaction. After giving effect to the transaction, the…